NEW YORK (Standard&Poor's CreditWire) Aug. 29, 2000--Standard&Poor's today affirmed its triple-'B'-plus long-term corporate credit, senior unsecured debt, and bank loan ratings on Arrow Electronics Inc. and removed them from CreditWatch, where they had been placed with negative implications Aug. 7, 2000. At the same time, Standard&Poor's affirmed its 'A-2' short-term corporate credit and commercial paper ratings on Arrow Electronics. The ratings affirmation is based on Standard&Poor's assumption that the financing of Arrow's announced acquisition of the Wyle Components and Wyle Systems units from Germany-based VEBA Electronics Group will have a significant equity component. The outlook is negative. The ratings on Arrow Electronics reflect a strong market position, moderate financial profile, and highly
